Brasília – Financial institutions polled by the Brazilian Central Bank (BC) revised down their forecast for GDP growth and inflation rate for 2018. The information is from the Focus Bulletin, published weekly by the BC with forecast for the main economic indicators.
The forecast for the Extended National Consumer Price Index (IPCA) went from 4.16% to 4.05% for this year. For 2019, the forecast remained at 4.11%. For 2020, it also remained at 4%. For 2021, it went from 3.9% to 3.87%.
The forecast for the growth of the Growth Domestic Product (GDP) was revised down from 1.44% to 1.40% this year. For 2019, 2020 and 2021, the GDP forecast remained at 2.5%.
According to the financial market, the benchmark interest rates, the SELIC, should remain at 6.5% per year until the end of 2018. For 2019, it should go up to 8% per year, remaining the same in 2020 and 2021.
The financial market forecast for the dollar price remained at BRL 3.80 at the end of this year and at BRL 3.70 at the end of 2019.
Translated by Sérgio Kakitani
